The dozen websites above only scratch the surface of what's out there. This site can calculate annualized rates of growth, run so-called "Monte Carlo" simulations of future investment performance, or test out "modern portfolio theory." In other words, just about all the hairy math you can handle, and no hairy primates in sight. Under "portfolio analysis," click on "event risk" to see how your holdings might perform during a repeat of past cases of market distress – such as the "black Monday" crash of 1987. Investing tools abound on other websites as well.Īt you can get historical price quotes or chart the track record of various investments against one another (click on "interactive charting").Īt click on "financial model" for a tool that helps estimate what a stock is worth.Īt you'll find various ways to measure whether a portfolio provides the returns to compensate for its risks. "That's why the screening tools and portfolio tools are so popular," she says.Ī tool called "Instant X-Ray," for example, will give a quick overview of a portfolio's profile: How the stock or mutual fund holdings compare with the industry weightings and earnings of the Standard & Poor's 500 index, and where the holdings are located on a map of the world. The site is free, and premium tools tend to focus on how each investment fits into a whole portfolio, says Kathy Panagopoulos, a Morningstar spokeswoman. Morningstar's tools cover the investing gamut from mutual funds to stocks, and even check the "yield to maturity" of a bond. Italy didn't merely win soccer's World Cup, the country's ETF was up more than 14 percent through July 11.īut there's solace for two World Cup runners-up: The ETFs representing Brazil and France are doing even better than Italy's. One example of what you can ferret out: Among international exchange-traded funds, a good number of single- country funds have gained more than 10 percent this year. Go to click on "tools," and then on "ETF" in the "screening tools" section. ETFs, as they're known, can be bought or sold like stocks all through the day but offer diversified holdings like mutual funds. has launched a tool this year for screening the top exchange-traded funds. The investment-research firm Morningstar Inc. What these sites promise is a summer math list that might save you time on the financial puzzles in your life and leave you with more time for beaches, barbecues, and good books: You may already have a summer reading list. Brockbank says.īut don't underestimate them, either. "It all comes down to 'garbage in, garbage out,' " Mr. And as with any tool, Web calculators are only effective when used properly. Often they come with disclaimers: They aren't a substitute for the individually tailored advice of a financial professional. Here's a peek at a dozen such sites – some new, many tried and true.
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Until the rise of the Internet, he says, "You'd read it in a book, but you didn't have a medium.
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"It's empowering people more and more to do their own planning," says Chris Brockbank, an owner of Financial Calculators, an online-tool creator in Riverton, Utah. But the world of no-cost online tools – for everything from airfare searches to paying down debts – is becoming increasingly sophisticated.
#MONEY CHIMP FINANCIAL CALCULATORS FREE#
If it's an issue that involves money, such as these, the chances are there's a tool on the Internet that will help you crunch the numbers free of charge.įree information, of course, isn't necessarily the best information.